SunTrust Lowers Elizabeth Arden to Neutral (RDEN)
Elizabeth Arden (NASDAQ:RDEN) was downgraded by SunTrust from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Elizabeth Arden (NASDAQ:RDEN) traded down 23.76% during mid-day trading on Tuesday, hitting $14.95. The stock had a trading volume of 6,415,974 shares. Elizabeth Arden has a one year low of $19.40 and a one year high of $40.40. The stock has a 50-day moving average of $20.81 and a 200-day moving average of $26.85. The company has a market cap of $444.0 million and a P/E ratio of 116.04.
Elizabeth Arden (NASDAQ:RDEN) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($1.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.34) by $0.70. The company had revenue of $191.72 million for the quarter, compared to the consensus estimate of $241.64 million. During the same quarter last year, the company posted $0.10 earnings per share. Elizabeth Arden’s revenue was down 28.4% compared to the same quarter last year. On average, analysts predict that Elizabeth Arden will post $0.14 earnings per share for the current fiscal year.
Elizabeth Arden, Inc is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands.
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